The real estate industry has the same pressure to be up-to-date as any other field. Just take a look at cloud software.
It’s more than just the hot new thing. It’s organization honed to a razor sharp edge, able to update on a rolling basis and keep everyone on the same page. It’s also a vital way to build loyalty with customers by tracking their progress in buying, selling, or browsing homes. As a modern realtor you want to make sure you’re always three steps ahead of the game. Realtor CMA software will ensure no detail escapes your notice, no matter how small.
Comparative market analysis lays out all the cards on the table so you can compete with a full deck. Learn more about the cloud CMA and what it means for your career.
Debunking The Myths About Millennial Homeownership
A story all realtors are familiar with is the myth about Millennial homeownership. Either this demographic isn’t buying houses or they were never interested in houses to begin with. A 2016 study determined the homeownership rate was the lowest it has been in 50 years. Millennials and Gen Yers, however, made up an impressive 35% of home buyers in 2017. This number is only expected to get higher as homeowners become informed about their options.
The Growth Of The Real Estate Market Over The Next Decade
Keeping track of the real estate market is easier said than done. It seems like there’s always a new detail cropping up to change the game, whether it’s a certain state rising in popularity or too many homes being foreclosed. For starters, new home construction is predicted to keep increasing by at least 7% in 2019. By the time 2020 arrives Millennials will be leading the pack in number of mortgages. Home price growth, however, has been decreasing over the years.
Common Concerns Faced By New Homeowners
Becoming a new homeowner is a daunting process. Mortgage is easily misunderstood and managing a home isn’t quite like living in a luxury apartment. Being an effective realtor means staying in touch with your client’s biggest concerns. According to an interesting study, over 95% of consumers cited design over content as the main reason they trusted a website or an individual. Reach out to your ideal customers with a mixture of polish and transparency, as it’s all too easy for them to turn to a competitor with today’s technology.
Important Statistics For Realtors To Keep In Mind
What should you expect moving forward? Today the 10 most valuable metropolitan areas in the United States are worth 35%, or $11 trillion, of the total American housing stock. It’s expected 80% of residential growth will happen in suburban communities, to boot. As explored above, Millennials and Gen Yers are bringing an entirely different set of concerns to the table. According to the Census Bureau, the median sales price of new houses sold by February of 2018 was $325,000.
Incorporating Cloud CMA Software Into Your Work
It’s one thing to be aware of all these changes…but how do you apply them in any meaningful way? Realtor CMA software is basically an organizational folder that can be updated on the fly and accessed by workers or peers. It’s also customized to address details vital to your field, such as housing pricing changes, recent trends, and statistics. More and more companies these days are turning to the cloud to manage their information. Whether or not you fall behind hinges on making the switch.
Don’t fall behind. Look into realtor CMA software to keep you in the know so you can provide the very best service to your clients.
